Navis Capital’s Phil Latham has every industrials banker on the street wrapped around his little finger, as he mulls the future of the firm’s Device Technologies which has punched through $100 million EBITDA and could fetch more than $1 billion in a sale.
Street Talk understands the Kuala Lumpur-headquartered buyout firm has started taking pitches from investment banks keen to land a sell-side advisory role for Device Technologies, six years after it bought the asset from Pemba Capital.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
